Nusli Wadia, corporate doyen who is on the board of directors of Tata firms like Tata Chemical, Indian Motors and Tata Steel files a Rs 3000 crore lawsuit against Ratan Tata and Tata Sons for defamation.

According to officials close, Wadia claimed compensation against his childhood friend Ratan Tata and India's oldest business house Tata Sons for various accusations hurled at him. He says there was no valid reason given for the allegations and the extraordinary meetings called by the group for his ouster.

Wadia had in November threatened civil and criminal defamation suit against Tata Sons, where the company alleged that Wadia was acting in concert with Cyrus Mistry and against the interests of principal shareholders by galvanising independent directors.

Wadia had said Ratan Tata has failed to live up to high standards of ethics, morality and corporate governance set up JRD Tata.

Tata Sons had failed to furnish any evidence that prove the allegations made against him in Special notice to remove him from the boards of Tata Steel, Tata Motors and Tata Chemicals.

Several people ET spoke with about Ericsson’s India operations, including its current and former employees, said the Stockholm-based firm has reduced headcount in the last one year or so across functions, in line with its global restructuring.